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| Author: | McNamara, K. R. |
| Title: | Consensus and constraint: Ideas and capital mobility in European monetary integration |
| Journal: | Journal of Common Market Studies
1999 : SEP, VOL. 37:3, p. 455-476 |
| Index terms: | Capital Policy European Monetary System Europe |
| Freeterms: | EMU Capital mobility |
| Language: | eng |
| Abstract: | The critical foundation for European monetary integration is the neoliberal economic policy convergence that occurred across the majority of the European governments beginning in the mid-1970s and solidifying in the 1980s. While capital mobility determines the conditions under which international monetary agreements can be sustained, political leaders' policy ideas or shared normative and causal beliefs about monetary policy are necessary to explain whether states choose to meet those conditions. In the paper, there is a template of ideational change proposed to explain the path of European monetary integration. |
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